POWAY, Calif. — First Advantage CREDCO introduced a new component to its Red Flag Solution that provides dealers with an automated means to draft, rollout, train and report on their identify theft programs required under the new Red Flags Rule.

Red Flag Manager was developed in consultation with Michael Benoit of Hudson Cook and is powered by Compli. It is designed for dealerships with 30 employees or less, and can help stores set up or finalize their unique Red Flags program.

"Many dealers may underestimate the timing and effort involved in creating, implementing and maintaining an identity theft prevention program as required by the Red Flags Rule," said Kevin Clements, senior vice president of corporate development for First Advantage CREDCO. "Our complete Red Flags Solution, which now includes Red Flag Manager, helps dealers get up to speed quickly, easily and conveniently, so they can stay on track with their compliance obligations."

Lon Leneve, president of Compli, added: "We're pleased to expand our alliance with First Advantage CREDCO to offer Red Flag Manager as part of a simplified compliance solution for dealers with 30 or fewer employees.

"The combination of industry-leading consumer data and compliance management expertise delivers a truly dynamic and convenient solution for easing dealer compliance concerns," Leneve added.

Thanks to the addition of Red Flag Manager, First Advantage CREDCO can now offer dealers a simplified process-building component designed to walk them through the required steps to develop an identity theft prevention program, educate employees and track results.

Specifically, Red Flag Manager provides dealer performance guidance on how to:

—Designate a compliance officer/coordinator.

—Perform a risk assessment.

—Draft and communicate policy and procedures.

—Conduct employee training.

—Undertake periodic audits.

—Obtain board approval and complete annual report.

"While assisting with the development of Red Flag Manager, we focused on building a resource that would walk dealers through the steps," shared Benoit.

"Dealers still need to be thoughtful in their compliance efforts, but this solution takes much of the stress out of designing and documenting their unique identity theft prevention program," he added.